Bondfield monitor moves to freeze assets of former CEO [Toronto Globe and Mail (Ontario, Canada)]
ZURICH INS GROUP S/ADR (ZURVY)
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Source: Toronto Globe and Mail
Bondfield monitor moves to freeze assets of former CEO The proposed freezing order is the latest move by the monitor, Ernst & Young Inc., to try to recover losses stemming from the collapse of Bondfield. Fred Lum/The Globe and Mail The proposed freezing order is the latest move by the monitor, Ernst & Young Inc., to try to recover losses stemming from the collapse of Bondfield. The court-appointed monitor for Bondfield Construction Co. Ltd. is asking a judge to freeze the assets of the company’s former chief executive officer, including bank accounts and real estate properties scattered across Ontario, some of which are slated for housing developments. The proposed order would apply to 22 properties in Ontario owned by John Aquino, who ran Bondfield for nearly a decade. Mr. Aquino has sold or transferred his interest in some of the properties to others over the past 2½ years, including a luxury condo in Toronto’s Four Seasons building. The proposed order would freeze $3.9-million i
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